Search - consideration

NR Target sells the shares of CanOpco (which are not taxable Canadian property) to CanAc in consideration for a Note Receivable. ...

[T]he terms of an agreement (that is, the treatment agreed upon and reflected in an invoice) between an acupuncturist and patient establish what the acupuncturist is agreeing to provide and what the patient is expecting to receive for the consideration paid. ...

The value of the consideration for the supplies would be equal to the fair market value of the supplies at the time the supplies are made, in accordance with paragraph 153(1)(b) of the ETA. ...

8 March 2018 CBA Commodity Tax Roundtable, Q.10-- summary under Subsection 278(2) Summary Under Tax Topics- Excise Tax Act- Section 278- Subsection 278(2) SLFI tax must be remitted irrespective of a failure of a SLFI supplier to charge the tax going into the SAM formula A Canadian financial institution makes a taxable supply of services (Services) to an unrelated Canadian selected listed financial institution (SLFI), for cash consideration but erroneously fails to invoice and collect any GST/HST in respect thereof. ...

8 March 2018 CBA Commodity Tax Roundtable, Q.10-- summary under Subsection 225.2(2) Summary Under Tax Topics- Excise Tax Act- Section 225.2- Subsection 225.2(2) SLFI tax based on amount payable even if not charged A Canadian financial institution makes a taxable supply of services (Services) to an unrelated Canadian selected listed financial institution (SLFI), for cash consideration but erroneously fails to invoice and collect any GST/HST in respect thereof. ...

If cost pools are used, all the business inputs within a cost pool must be included in a single business input category (for example, be included in the direct input category) and must be acquired, or be consumed or used, to the same extent for the purpose of making taxable supplies for consideration or other purposes. ...

. … Requirement to follow s. 232 re rent reductions Application of GST/HST to refunds or adjustments of the gross monthly rent paid or payable The rent reduction agreement … has the effect of reducing the amount of consideration payable for a taxable supply of real property made by way of lease, licence or similar arrangement …. … [P]ursuant to a rent reduction agreement, a commercial property owner agrees to subsequently reduce an impacted small business tenant’s monthly gross rent payable by at least 75% for the 4-month period. ...

CRA indicated that the ETA s. 181 coupon rules would to some extent apply, so that: On the acceptance of the points (viewed as “coupons”) by Bco or the dealer as part consideration for the taxable supply of the widgets, they are deemed to have collected tax equal to the GST/HST that would have been collected had the points not been collected (i.e., equal to the tax fraction of the points’ value). ...

Amalco subsequently transferred (1) the FA Shares to CRIC in consideration for the repurchase by Amalco of shares of its capital stock held by CRIC, and (2) the FA Debt to CRIC as a repayment of a portion of amounts owed by Amalco to CRIC. ...

However, any address of the recipient obtained in the ordinary course of business of the supplier should be taken into consideration in applying the rule. ...